Nordstrom

Nordstrom, Inc. engages in the manufacture and trade of clothes, shoes, and accessories. It operates through the following segments: Retail and Corporate/Other. The Retail segment consists of a selection of high-quality, brand-name, and private label merchandise, which includes apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. The Corporate/Other segment includes unallocated corporate expenses and assets, inter-segment eliminations, and other adjustments to segment results. The company was founded by John W. Nordstrom in 1901 and is headquartered in Seattle, WA.

Earnings data Q4 2020

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Nordstrom reports Q1 loss, plans Rack expansion amid macro challenges

Nordstrom is focused on improving profitability amidst macroeconomic challenges. The company made progress in supply chain optimization and inventory management. Despite the impact of Canadian operations wind-down, Nordstrom remains confident in the future importance of designer products and expects continued improvement in this area.

Nordstrom reports solid Q2 results, focuses on digital sales and inventory management

Nordstrom's Q2 performance was solid, with a focus on digital sales and inventory management. Challenges include shrinkage and soft traffic trends. Opportunities lie in online growth, appealing to younger customers, and leveraging AI for retail success.

Nordstrom reports Q3 revenue of $3.3B, focuses on improving profitability

Nordstrom's Q3 performance reflects a focus on improving inventory productivity and driving profitability in the digital off-price business. Despite challenges in net sales and the wind down of Canadian operations, the company is optimistic about driving profitable growth and maintaining good inventory levels to meet customer demand.

Nordstrom reports Q4 growth, eyes digital expansion amid revenue challenges

Nordstrom's Q4 performance reflects revenue growth and successful inventory management, but challenges lie in customer pullback and revenue decline projections for 2023.
Strengths include strong ROI from Rack stores, digital growth potential, and focus on inventory optimization, while challenges include customer trends and credit revenue declines.
Opportunities in investments, store expansion, and operational enhancements position Nordstrom for future growth and profitability.
Overall, Nordstrom aims to navigate challenges, capitalize on strengths, and leverage opportunities to drive sustainable growth and enhance shareholder value.

Nordstrom reports mixed Q1 results, focuses on profitability and growth

Nordstrom's Q1 performance showed mixed results with improvements in Rack sales and inventory productivity but challenges in the designer category.
The company is strategically focused on profitability, supply chain optimization, and leadership additions to drive growth.
While facing macroeconomic pressures and customer demand challenges, Nordstrom sees opportunities in network enhancements and brand penetration.
Overall, Nordstrom remains committed to navigating challenges, improving performance, and capitalizing on growth opportunities in 2023.

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SEATTLE , Dec. 13, 2022 /PRNewswire/ -- Seattle-based fashion retailer Nordstrom, Inc . (NYSE: JWN) announced plans to open a new  Nordstrom Rack  in Pinole, California.

Nordstrom Rack to Open New Location in Pinole, California

Despite inflation concerns, Nordstrom (JWN) remains well-placed for long-term growth on the back of robust demand, solid online show and strategic growth efforts.

Nordstrom (JWN) Well Poised on Growth Efforts Amid Inflation

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SEATTLE , Nov. 29, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) announced today that Erik Nordstrom, chief executive officer, and Michael Maher, chief accounting officer and incoming interim chief financial officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on Tuesday, December 6, 2022 at 10:15 a.m. EST.  The session will be webcast live through the Events & Presentations section at investor.nordstrom.com.

Nordstrom to Participate in the Morgan Stanley Global Consumer & Retail Conference

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Nordstrom's (JWN) Q3 results reflect robust demand for apparel and shoes, and supply-chain optimization efforts. However, inflation and higher inventory are headwinds.

Nordstrom (JWN) Q3 Earnings & Sales Beat Estimates, Down Y/Y

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Nordstrom, Inc. (NYSE:JWN) stepped into the earnings confessional after the close yesterday, and options traders are taking note.

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Nordstrom Inc shares sank as it cut its fiscal full-year 2022 profit forecast after product markdowns.  The retailer maintained its outlook for revenue growth in the current fiscal year of 5% to 7% but trimmed its forecast for earnings per share to $2.13 from $2.43.

Nordstrom shares sink as it feels the pinch of product markdowns during 3Q

CHERRY HILL, N.J. , Nov. 23, 2022 /PRNewswire/ -- TD Bank, America's Most Convenient Bank®, today announced the extension of its credit card program agreement with Nordstrom, Inc. (NYSE: JWN).

TD Bank Announces Multi-Year Extension of Credit Card Partnership with Nordstrom

Nordstrom reported 3rd quarter revenues of $3.4 billion compared to 3.5 billion at the end of the third quarter of 2021.

Nordstrom Reports 3rd Quarter 2022 Earnings

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Nordstrom falls, jobless claims, Fed minutes and more: Wednesday's 5 things to know

Guidance looking ahead has been kept pat -- instead of rising -- indicating this is as good as it gets for the higher-end big-box retailer.

Nordstrom (JWN) Beats After Close, Stock Sells Off

Nordstrom (JWN) delivered earnings and revenue surprises of 42.86% and 1.76%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?

Nordstrom (JWN) Beats Q3 Earnings and Revenue Estimates

Nordstrom, Inc. (NYSE:JWN ) Q3 2022 Earnings Conference Call November 22, 2022 4:45 PM ET Company Participants Heather Hollander - Head of Investor Relations Erik Nordstrom - Chief Executive Officer Pete Nordstrom - President & Chief Brand Officer Anne Bramman - Chief Financial Officer Michael Maher - Chief Accounting Officer Conference Call Participants Blake Anderson - Jefferies Matthew Boss - JPMorgan Chuck Grom - Gordon Haskett Kimberly Greenberger - Morgan Stanley Ed Yruma - Piper Sandler Noah Zatzkin - KeyBanc Dana Telsey - Telsey Advisory Group Operator Greetings, and welcome to the Nordstrom Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Nordstrom, Inc. (JWN) Q3 2022 Earnings Call Transcript

Shares of Nordstrom Inc. dropped more than 3% in after-hours trading Tuesday after the retailer swung to a surprise quarterly loss and joined other stores in reporting lower sales, saying it was “right-sizing” its inventory.

Nordstrom stock drops after retailer swings to loss and sales miss the mark

Nordstrom Inc trimmed its annual profit forecast on Tuesday, as the retailer wrestles with supply chain pressures, higher operating costs and aggressive discounting to clear out-of-fashion inventory.

Nordstrom cuts profit forecast on higher costs

Third quarter total revenue of $3.5 billion Loss per share of $0.13 and adjusted earnings per share of $0.20 1 Company remains on pace to achieve fiscal 2022 revenue and adjusted earnings outlook SEATTLE , Nov. 22, 2022 /PRNewswire/ -- Nordstrom, Inc. (NYSE: JWN) today reported a third quarter net loss of $20 million and loss per diluted share of $0.13 for the quarter ended October 29, 2022. Excluding a supply chain technology and related asset impairment charge, the Company reported adjusted earnings per diluted share ("EPS") of $0.20.1 For the third quarter, net sales decreased 2.9 percent versus the same period in fiscal 2021 and gross merchandise value ("GMV") decreased 2.5 percent.

Nordstrom Reports Third Quarter 2022 Earnings

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Dick's, Dollar Tree and Nordstrom earnings are on tap with the holidays in focus amid a mixed season for retail results and guidance. The post Dick's Sporting Goods, Dollar Tree, Nordstrom Earnings Due Amid Uneven Retail Landscape appeared first on Investor's Business Daily.

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News for Nordstrom Stock (JWN)